<p>I've accepted 2 offers of transfer admission. I applied to 2 colleges as a transfer student. My dream school told me I was ineligible for admission, and the other school said I should accept ASAP in order to talk to an adviser there, so I did (and I never got to talk to that adviser). Then, the school I accepted admission from got back to me with a terrible financial aid package, and the school I didn't think I was able to get into accepted me and gave me an excellent package. </p>
<p>So, now I have accepted 2 offers of admission. I want to cancel on the first school, which is totally unaffordable and will put me in a ton of debt (the second school will leave me debt free). Does anyone know if cancelling my acceptance to a school could result in harsher penalties than losing my deposit? Is there some kind of admissions blacklist that I'd be entered into? Or can they force me to pay off the ridiculous loans they offered me even if I never attend?</p>